Philippine Rate Cut Unlikely This Week Despite Tame Inflation
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Philippine inflation stayed below the central bank’s target range in September, but the central bank isn’t likely to cut its benchmark interest rate at this week’s meeting following the peso’s recent weakness.
Consumer prices rose 1.7% last month from a year ago, the Philippine Statistics Authority said on Tuesday. That was below the 1.9% median estimate in a Bloomberg News survey and followed the 1.5% rate in August.
Source: Original